Advantage Energy (OTCMKTS:AAVVF) Shares Gap Down – Here’s What Happened

Advantage Energy Ltd. (OTCMKTS:AAVVF)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $7.79, but opened at $7.32. Advantage Energy shares last traded at $7.32, with a volume of 10,200 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AAVVF. Raymond James Financial lowered shares of Advantage Energy from a “moderate buy” rating to a “hold” rating in a report on Wednesday. Scotiabank restated an “outperform” rating on shares of Advantage Energy in a research report on Monday, August 3rd. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Advantage Energy in a report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Advantage Energy Stock Performance

The company has a market capitalization of $1.21 billion, a P/E ratio of 20.71 and a beta of 0.63. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.34 and a quick ratio of 0.34. The stock’s 50 day simple moving average is $7.79 and its two-hundred day simple moving average is $7.58.

Advantage Energy (OTCMKTS:AAVVF) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.05. The firm had revenue of $137.96 million during the quarter, compared to analysts’ expectations of $142.85 million. Advantage Energy had a net margin of 11.58% and a return on equity of 4.92%.

About Advantage Energy

Advantage Energy Ltd. is a Canadian energy company engaged in the exploration, development and production of natural gas, natural gas liquids and condensate. The company focuses on developing long-life, low-cost resource assets and sells its production to customers in Canadian and North American energy markets.

Advantage’s principal operations are located in Alberta, particularly its Montney and related resource holdings in the Glacier and Pipestone areas. Its activities include drilling and completing wells, processing and gathering production, and managing the infrastructure required to transport its products to market.

The company was formerly known as Advantage Oil & Gas Ltd.